Medicare & Health Care Reform

The Patient Protect and Affordable Care Act (ObamaCare) is one of the most complicated and controversial pieces of legislation ever passed into law. How it will affect Medicare is critical for older adults to understand. It is estimated that as many as 800,000 jobs may be lost by 2019 due to the extra burden the Affordable Care Act has placed on employers.

will be paid for by reduced spending on the elderly and disabled who are on Medicare. There will be new taxes on drugs and medical devices such as wheel chairs, pacemakers, artificial joints etc… For each new $1 in new promised benefits by the Affordable Care Act there will be a $10 reduction in Medicare spending. According to Medicare’s chief actuary, one out of every two Medicare Advantage members (7.4 million) will lose their plan entirely, one in seven

hospitals may go out of business and doctors may not take new patients because of cuts in their fees.

The Affordable Care Act cuts 716 billion dollars out of the Medicare program over the next 10 years. This is pushing insurance premiums higher and premium increases are averaging 5% to 30% per year. Your insurance premiums are likely to double about every 5 years.

What this means is you will need a knowledgeable professional to help you in several ways. With a focus on education we will put our 25 years of experience to work for you. We take complicated Medicare choice options and make them simple to understand. We will help you find the most comprehensive coverage at the lowest price in your state. In other words we will “make certain” you do not pay for an expensive insurance plan and that you don’t get stuck with unexpected expenses many plans don’t cover.

When it comes to prescription drug coverage (Medicare Part D) we will help you sort through the complicated process of choosing a plan that costs you the least amount of money in terms of premium, deductible and co-pays. We will make this simple and easy to understand.

The lack of knowledge of a careless advisor can cost you thousands of dollars in wasted premium and out of pocket costs per year.